Homemade Christmas decorations will help you get truly involved in the festival.makes for the most inexpensive material for making homemade Christmas decorations. You can make almost every Christmas decoration from paper. You can make baubles from paper and hang them on the Christmas tree. However,.can always go for the decorations available in the if you are not much of an artsy person or you don't have much time at your disposal, you You can even make a long garland of paper as a base for wreaths.